War is off so risk is on – Ep. 526

Tensions between the U.S. and Iran are less diffused than everyone seems as the propaganda strengthens on both sides of the political theater.

NASDAQ, Dow, S&P hit new record highs. Trump is eager for Dow to hit 30k so he can tweet up a storm claiming credit.

Risk premiums for crude and gold are still there although gold mining stocks got obliterated as war became less imminent. Investors were spooked as gold dropped from $1610 to $1540 in a 24 hour period. Despite gold mining stocks getting crushed, gold itself is up 2% for the year. This presents an even better buy for gold stocks as they catch up to gold’s $1550 support.

People are underestimating the popularity of socialism in America and investors are underestimating the possibility of a Bernie Sanders win.

A lawsuit tries to postpone California’s new law aimed at the gig economy. Lawmakers say it’s to protect independent contractors, but it’s the independent contractors filing the lawsuit. Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy